We are Accountants who offer an extensive range of service who will support you when dealing with HMRC. We will tell you when to pay the least but correct amount of tax as far in the future as possible.

KRA Benefits in Kind Advice

Benefits in kind are received by a great number of employees and directors, particularly those with company cars. The income tax implications of these benefits can be complicated and so taxpayers need to understand the rules so that they can properly prepare their self assessment tax returns and make decisions about their future remuneration package.

Helpfully, HMRC do provide guidance on the correct tax treatment of various expenses and benefits: HMRC Website

Specific areas which we are typically asked to advise on include:

Understanding the mechanics of the new company car tax rules,

Minimising the tax on company cars,

Receiving non taxable benefits in kind,

PAYE coding implications of these benefits, including coding out underpayments,